Complex Made Simple

Dubai’s real estate market attracts AED53 billion in H1

India came in first place among foreign (non-Arab) investors with 3,017 deals worth more than AED7.8bn

The real estate market in Dubai was able to attract more than 19,900 investors from 142 different nationalities during the first six months of this year, says a report.

The report, issued by the Dubai Land Department and which Egypt-based Mubasher received a copy of, says that the value of real estate investments for the first half of 2015 amounted to AED53 billion.

The report added that foreign investors have given strong support to the real estate sector in Dubai during the first half of this year, with total funds they invested in the emirate over six months reaching more than AED30bn through 13,166 investors.

The report also shows that India came in first place among foreign (non-Arab) investors with 3,017 deals worth more than AED7.8bn, British investors came in second place with investments worth AED4.7bn, followed by Pakistani investors with investments worth AED3.3bn.

Canadians came in fourth place after the size of their investments reached AED1.8bn. The list also included investors from Iran, Russia, China, US, France and Afghanistan.